Accel-KKR
 | |
| Private Ownership | |
| Industry | Private Equity |
| Founded | 2000 |
| Headquarters |
Sand Hill Road Menlo Park, California, U.S. |
| Total assets | $4 billion |
| Website |
www |
Accel-KKR is a technology-focused private equity firm with $4 billion in capital under management. The firm invests primarily in software and IT-enabled businesses well positioned for top-line and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations, divisional carve-outs and going private transactions. The company has offices in Menlo Park, CA (headquarters), Atlanta, GA, and London, UK.
The firm was founded in February 2000 as a partnership between venture capital firm Accel Partners and Kohlberg Kravis Roberts, one of the oldest and largest leveraged buyout firms.[1] However, the firm operates independently of either firm today and has since the mid-2000s.
Accel-KKR raised $4 billion of investor commitments. The company is currently investing from its fifth buyout fund (Accel-KKR Capital Partners V), a $1.3 billion fund raised in 2015, and its second minority equity fund (Accel-KKR Growth Capital Partners II), a $350 MM fund raised in 2013. Accel-KKR has invested in or acquired over 80 software and technology service companies, with the majority of such companies in the United States, but Accel-KKR has also acquired or invested in 18 European companies, six Canadian companies, and one Australian company. Companies owned by Accel-KKR include:[2]
- Abila
- Cielo
- Clavis Insight
- Clevest
- DataPipe
- Delta Data
- HighWire Press
- HighJump Software
- Infinisource
- Kerridge Commercial Systems
- Oildex
- MEA/NEA
- North Plains Systems
- PageUp People
- Paymentus
- PrismHR
- RiseSmart
- YourEncore
Previous investments from which Accel-KKR has since exited include:
- RiseSmart Sold to Randstad Holding nv in 2015
- Zinc Ahead Sold to Veeva in 2015
- On Center Software Sold to Roper Industries for $157 MM in 2015
- Applied Predictive Technologies Sold to MasterCard for $600 MM in 2015
- iTradeNetwork Sold to Roper Industries for $525 MM in 2010
- Endurance International Group[3] sold to Warburg Pincus for $1 billion in 2011
- Saber Corporation sold to Electronic Data Systems for $463 MM in 2007
- IntrinsiQ sold to AmerisourceBergen in 2011
- CRS Retail Systems sold to Epicor for $121 MM in 2005
- Savista sold in two transactions to Torex and Accenture for $100 MM in 2006
- Systems & Software, Inc. sold to Constellation Software in 2007
- Alias Systems Corporation sold to Autodesk for $197 MM in 2006
- Kana Software sold to Verint Systems for $514 MM in 2014
- N-able sold to Solar Winds for $127 MM in 2013
- Applied Predictive Technologies sold to MasterCard for $600 MM in 2015
- Model N, which went public on the NYSE under the ticker symbol MODN in 2013
On February 15, 2013, it was announced that Accel-KKR intended to buy Sage Nonprofit Solutions, a division of The Sage Group plc that produces software designed for nonprofit organizations and governmental agencies.[4]
The firm's Founding Partner is Tom Barnds, who is based in Menlo Park. Tom, and his co-Managing Partner Rob Palumbo, were both All-American lacrosse players at Princeton University.
References
- ↑ What's An Aging 'Barbarian' To Do?. New York Times, August 26, 2001
- ↑ "Accel-KKR Portfolio". Archived from the original on 30 November 2009. Retrieved 2009-12-01.
- ↑ http://www.thewhir.com/web-hosting-news/accel-kkr-group-sells-web-hosting-giant-endurance-international-for-1-billion
- ↑ "Sage Nonprofit Solutions To Be Acquired By Accel-KKR". TheNonProfitTimes. February 15, 2013.
- KKR and Accel Open Atlanta Office. New York Times, July 31, 2006
External links
- Accel-KKR (company website)